Philly futures to relaunch next year

Philadelphia Board of Trade (PBoT) is planning to relaunch itself early next year with a suite of new "event driven" contracts.

The exchange, which is owned by Philadelphia Stock Exchange (PHLX), will start up in the first quarter of 2005 as an all-electronic market. PHLX last week hired Dan Carrigan  as vice president of new product development at PHLX, to head up PBoT's efforts to create new contracts. The exchange, a long-time Commodity Futures Trading Commission designated...